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Petronas Chemicals market cap at RM40.40b on listing
Petronas Chemicals Group Bhd (PGB) is offering 2.48 billion shares under its initial public offer (IPO), of which 1.178 billion will be existing shares and the remaining 700 million new shares. According to its prospectus on Monday, Nov 1, the retail shares would be offered at RM5.05 per share. Based on the eight billion shares to be listed, including the new shares, the total market capitalisation will be RM40.40 billion.
(Source: Financial Daily)

MAHB 3Q net profit down 25.9% to RM61.8m
Malaysia Airports Holdings Bhd posted net profit of RM61.82 million for the third quarter ended Sept 30, 2010, down 25.9% from the RM83.43 million a year ago due to a higher share of losses in an associate company.
MAH said on Friday, Oct 29 that revenue rose 18.2% to RM446.28 million from RM377.36 million.
(Source: Financial Daily)

Hovid classified as PN17 company
Hovid Bhd was classified as a Practice Note 17 company effective yesterday by the exchange after its auditors expressed a disclaimer opinion on its financial statements for year ended June 30 (FY10) following defaults on certain loans taken by former subsidary Carotech Bhd. Hovid, however, told the exchange yesterday that by the time Hovid’s financial statements for FY10 were approved by the board, the company had cut down its stakes in Carotech to 38.45% following the disposals of shares that equalled to a 19.73% equity interest since August.
(Source: Star Biz)

At the close, the FKLI ended lower with the spot-month FKLI contract weaken by 0.50 points to close at 1502.50 points. Turnover was lower at 2342 lots compared to 5734 lots in the previous trading day. Open
interests slipped to 5459 contracts from 11151 contracts previously.

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